London is preparing for its largest technology flotation after a leading cybersecurity company said that it would shun the growth-orientated Nasdaq in New York and list in its home market. Sophos, the Abingdon-based group, has flirted with flotation twice before, most recently planning a public

London is bracing itself for its largest ever technology float after Sophos, the cyber-security company, confirmed plans to shun Nasdaq and list the business in its home market. Abingdon-based Sophos has flirted with an IPO twice before and last plotted a public sale on Nasdaq in 2010 when its

There was a time when it was hard to turn on the TV without encountering those AO World adverts with their jingle nicked from Blitzkrieg Bop by The Ramones. The classic punk lyric “Hey ho, let’s go” seems to have been picked up by investors with the shares trading at a 40 per cent discount to its

The value of Britain’s thriving entertainment sector will soar over the next four years as electronic books, streamed music and online advertising fuel growth in the public’s digital media habits. The transition from physical formats, such as CDs, newspapers and books, to digital has provided a

ITV has continued to scythe its way through the independent sector after striking a deal to buy Mammoth Screen, the company behind the revived Cornish drama series Poldark. ITV, which has snapped up dozens of production houses in the past two years, has paid an undisclosed sum, thought to be less

The sale of the rump of the government’s stake in Lloyds is being billed as the biggest float for retail investors since the heady days of the 1980s. Back then, the three Bs — British Telecom, British Petroleum and British Gas — had so many people “telling Sid” to buy shares that many investors

Crowdfunding platforms are often used to finance outlandish products, say an underwater jet pack or a toy gun that kills insects using salt, but the owner of Airfix believes they can be adapted for the more traditional hobby of building model aircraft. Hornby, the modelmaker that owns Airfix, has

A west London smartphone app developer is preparing to float on AIM to take advantage of the demand by businesses to improve their mobile products. Chelsea Apps Factory, in which KPMG, the accountancy firm, holds a 10 per cent stake, was founded five years ago by Mike Anderson, a newspaper veteran

Britain’s biggest datacentre company has been lifted on to the bandwagon of UK technology companies heading for American hands. TelecityGroup has been taken over by Equinix for £2.35 billion in a deal completed despite claims that the price was too low. The two companies have been in discussions

The publisher of The Daily Telegraph suffered a near-20 per cent decline in pre-tax profit last year as falling sales and a large investment in its online system hit its bottom line. Telegraph Media Group said that its pre-tax profit fell for a third year, dropping to £45.7 million from £57